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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Millennium & Copthorne Hotels Plc | LSE:MLC | London | Ordinary Share | GB0005622542 | ORD 30P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 687.00 | 685.00 | 689.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMLC
RNS Number : 2385N
Millennium & Copthorne Hotels PLC
04 May 2018
For Immediate Release 4 May 2018
MILLENNIUM & COPTHORNE HOTELS PLC
LEI: 2138003EQ104LZ1JNH19
Results of 2018 Annual General Meeting
Millennium & Copthorne Hotels plc (the "Company") announces that at its Annual General Meeting held today (Friday 4 May 2018), all of the resolutions put to shareholders were duly passed on a poll, except for resolution 22, which was requisitioned by certain shareholders of the Company. The poll results showing the number of votes received for and against each resolution are shown below. As at today's date the total number of ordinary shares in issue is 324,766,080, with each share entitled to one vote.
The votes cast on resolutions 4, 5, 7, 8, 9 and 12 relating to the election or re-election of the independent non-executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by independent shareholders (that is shareholders other than City Developments Limited, the Company's controlling shareholder, and persons acting in concert with it) as well as by a majority of votes cast by all shareholders. The results of the votes cast by the independent shareholders (marked with an **) and the votes cast by all shareholders are set out below.
Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of Annual General Meeting which is available on the Company's website https://investors.millenniumhotels.com
Hot Features
Premium
Resolution For / % Against % Total Votes
Discretion Withheld*
------------------------- ------------ ------ ----------- ------ ------------ ------------
1. To receive
the audited
accounts and
the Auditor's
and Director's
Report for the
year ended 31
December 2017 309,762,736 99.00 3,124,680 1.00 312,887,416 26,822
------------------------- ------------ ------ ----------- ------ ------------ ------------
2. To approve
the Directors'
Remuneration
Report for the
year ended 31
December 2017 303,034,683 96.98 9,437,101 3.02 312,471,784 442,454
------------------------- ------------ ------ ----------- ------ ------------ ------------
3. To declare
a final dividend
of 4.42 pence
per ordinary
share 266,526,138 97.45 6,983,575 2.55 273,509,713 39,404,525
------------------------- ------------ ------ ----------- ------ ------------ ------------
4. To Elect
Martin Leitch
as a Director
(AN**) 281,131,913 89.84 31,780,129 10.16 312,912,042 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
70,277,320 68.86 31,780,129 31.14 102,057,449 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
5. To Elect
Christian de
Charnacé
as a Director
(A**) 281,405,846 89.93 31,504,734 10.07 312,910,580 3,658
------------------------- ------------ ------ ----------- ------ ------------ ------------
70,551,253 69.13 31,504,734 30.87 102,055,987 3,658
------------------------- ------------ ------ ----------- ------ ------------ ------------
6. To Re-elect
Kwek Leng Beng
as a Director
(N) 272,557,945 87.10 40,354,097 12.90 312,912,042 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
7. To Re-elect
His Excellency
Shaukat Aziz
as a Director
(RN**) 278,472,437 88.99 34,438,143 11.01 312,910,580 3,658
------------------------- ------------ ------ ----------- ------ ------------ ------------
67,617,844 66.26 34,438,143 33.74 102,055,987 3,658
------------------------- ------------ ------ ----------- ------ ------------ ------------
8. To Re-elect
Daniel Desbaillets
as a Director
(RARc) (**) 278,742,521 89.08 34,169,521 10.92 312,912,042 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
67,887,928 66.52 34,169,521 33.48 102,057,449 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
9. To Re-elect
Susan Farr as
a Director (RN
**) 277,977,534 89.59 32,294,555 10.41 310,272,089 2,642,149
------------------------- ------------ ------ ----------- ------ ------------ ------------
67,122,941 67.52 32,294,555 32.48 99,417,496 2,642,149
------------------------- ------------ ------ ----------- ------ ------------ ------------
10. To Re-elect
Kwek Eik Sheng
as a Director
(Rc) 278,742,734 89.08 34,167,846 10.92 312,910,580 3,658
------------------------- ------------ ------ ----------- ------ ------------ ------------
11. To Re-elect
Kwek Leng Peck
as a Director
(N) 276,830,236 88.47 36,081,806 11.53 312,912,042 2,196
------------------------- ------------ ------ ----------- ------ ------------ ------------
12. To Re-elect
Gervase MacGregor
as a Director
(ARc) (**) 279,235,461 96.23 10,924,654 3.77 290,160,115 22,754,123
------------------------- ------------ ------ ----------- ------ ------------ ------------
68,380,868 86.22 10,924,654 13.78 79,305,522 22,754,123
------------------------- ------------ ------ ----------- ------ ------------ ------------
13. to Re-appoint
KPMG LLP as
auditor of the
Company 293,503,943 93.80 19,399,427 6.20 312,903,370 10,868
------------------------- ------------ ------ ----------- ------ ------------ ------------
14. To Authorise
the Directors
to determine
the auditor's
remuneration 312,793,282 99.97 108,222 0.03 312,901,504 12,734
------------------------- ------------ ------ ----------- ------ ------------ ------------
15. To renew
the authority
given in regard
to pre-emption
rights under
the terms of
the Co-operation
Agreement with
City Developments
Limited 76,358,821 75.51 24,766,242 24.49 101,125,063 211,789,175
------------------------- ------------ ------ ----------- ------ ------------ ------------
16. To authorise
the Company
and its subsidiaries
to make political
donations and
or/political
expenditure 285,452,109 91.30 27,204,561 8.70 312,656,670 257,568
------------------------- ------------ ------ ----------- ------ ------------ ------------
17. To authorise
the Directors'
to allot shares 286,058,134 91.42 26,855,104 8.58 312,913,238 1,000
------------------------- ------------ ------ ----------- ------ ------------ ------------
18. To empower
the Directors
to disapply
pre-emption
rights over
certain issue
of shares 266,856,427 85.28 46,056,811 14.72 312,913,238 1,000
------------------------- ------------ ------ ----------- ------ ------------ ------------
19. To empower
the Directors
to disapply
pre-emption
rights over
certain issue
of shares in
connection with
acquisitions
or capital investments 261,537,447 83.58 51,375,791 16.42 312,913,238 1,000
------------------------- ------------ ------ ----------- ------ ------------ ------------
20.To authorise
the Company
to purchase
its own shares 296,945,057 94.91 15,931,738 5.09 312,876,795 37,443
------------------------- ------------ ------ ----------- ------ ------------ ------------
21. to authorise
general meetings,
other than an
annual general
meeting, to
be held on 14
clear days'
notice 311,992,967 99.71 920,271 0.29 312,913,238 1,000
------------------------- ------------ ------ ----------- ------ ------------ ------------
Resolution Against/ % For % Total Vote
Discretion Withheld*
---------------- ------------ ------ ----------- ------ ------------ -----------
22.Shareholder
resolution 243,412,676 77.79 69,499,462 22.21 312,912,138 2,100
---------------- ------------ ------ ----------- ------ ------------ -----------
*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
** Result of the votes cast by independent shareholders.
In accordance with the Financial Conduct Authority's Listing Rule 9.6.2 R, the Company has submitted copies of resolutions concerning items other than ordinary business to the National Storage Mechanism which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
Statement by the Directors
The Board notes that resolutions 4, 5, 7, 8 and 9 were passed with the requisite majority of votes from shareholders and from independent shareholders, but acknowledges that there were a significant number of votes from independent shareholders opposing the election or re-election of the independent non-executive Directors. The Board also notes that resolution 15, which simply reminds shareholders of certain obligations of the Company under the Co-Operation Agreement which it has with City Developments Limited, was passed as well, but that over 20% of votes were against this resolution. The Board takes the views of the Company's shareholders seriously and will continue to engage with them to understand their concerns in respect of the above resolutions and any other matters.
Enquiries: +44 (0)20 7872 2444
Jonathon Grech, Group General Counsel and Company Secretary
Peter Krijgsman, Financial Communications (Media)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 04, 2018 12:07 ET (16:07 GMT)
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